The below report consists of a market overview and insight into the equities, futures and derivatives markets, and FX speculative and deliverable markets.
* Fresh record Equity highs as data and positive Phase-1 discussions boost markets
– Nasdaq and S&P 500 both hit all time highs as Non-Farm Payrolls 128k showed solid growth
– Chinese Commerce Ministry, “consensus in principle” on Phase -1
– China’s Caxin PMI hit highest level since 2017. Have we seen the lows?
* Dollar hits 3-month low, whilst rates edged fractionally higher post Non-Farm Payrolls
* Kiwi pushed into the sell…